Pooled Employer Plan Consulting

Pooled Employer Plans.

Defined contribution plan sponsors have another option for providing retirement benefits to their employees. Pooled Employer Plans (PEPs) can have considerable advantages in time and money for many companies.

Benefits include:

  • Potential cost savings
  • Reduced work for the plan sponsor
  • Better investment choices
  • Better participant experience
  • Reduced risk for employers and fiduciaries

Given the advantages of a pooled employer plan and the fact that these should increase in value as PEPs grow, Agilis believes that many, if not all, plan sponsors should evaluate the PEP marketplace. We help plan sponsors assess the PEP marketplace to decide if it is right for them.

What is a Pooled Employer Plan?

A Pooled Employer Plan (PEP) is a specialized defined contribution retirement framework designed to aggregate multiple unrelated businesses within a unified plan structure. Leading this centralized system is a designated entity known as the Pooled Plan Provider (PPP).

Under a PEP structure, the PPP serves as the principal fiduciary, assuming critical responsibilities for plan administration and investment oversight. Such a delegation of roles streamlines plan complexities, ensuring that companies participating in the PEP can significantly mitigate administrative and fiduciary risks.

Why Should Employers Consider PEP Retirement Plan Solution?

  • Precision Management: Operating under the aegis of a PPP ensures that the retirement plan aligns with expert-driven strategies, regulatory compliances, and fiduciary standards.
  • Operational Efficiency: Leveraging the PEP framework, companies can offload intricate plan management components, reallocating their resources and attention towards core business deliverables.
  • Scalability Benefits: PEPs inherently tap into economies of scale due to their collective construction, driving potential cost efficiencies and facilitating a broader spectrum of investment choices.
  • Comprehensive Vendor Oversight: Within the PEP ecosystem, the PPP shoulders the mandate of curating, monitoring, and managing third-party vendors – spanning trustees, custodians, recordkeepers, investment managers, and specialized external consultants.
  • Strategic Risk Alleviation: PEPs are structurally designed to distribute and diminish inherent risks tied to plan sponsorship. The PPP’s central role ensures that potential challenges are identified, assessed, and addressed proactively.
  • Optimized Retirement Pathways: With its synergistic approach, a PEP elevates participant retirement outcomes. Beneficiaries access a potentiated retirement plan offering as enterprises amalgamate their strengths within this framework.

Standard Pooled Employer Plan Consulting Services:

  • PEP Education – Providing your key stakeholders with the information they need to decide whether or not to look at a PEP for their organization.
  • RFI – Soliciting bids from various PEP providers, we help you understand how a PEP compares against your current defined contribution plan setup in terms of fees and services.
  • RFP – Selecting the right PEP for your organization is a critical step. We help cover in-depth due diligence, coordinate demos, and ultimately help with the transition.
  • Ongoing monitoring – We monitor the PEP market, so you don’t have to.

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